Fulcrum Capital LLC Sells 807 Shares of PepsiCo, Inc. $PEP

Fulcrum Capital LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,721 shares of the company’s stock after selling 807 shares during the quarter. PepsiCo accounts for 1.4% of Fulcrum Capital LLC’s holdings, making the stock its 26th biggest position. Fulcrum Capital LLC’s holdings in PepsiCo were worth $6,565,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PEP. Nova Wealth Management Inc. bought a new position in shares of PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo during the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo during the 2nd quarter worth approximately $29,000. RMG Wealth Management LLC bought a new position in shares of PepsiCo during the 2nd quarter worth approximately $45,000. Finally, Investment Research & Advisory Group Inc. grew its stake in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after acquiring an additional 232 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PEP. UBS Group dropped their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Piper Sandler upped their target price on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday. Wells Fargo & Company raised their target price on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Five equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average target price of $158.25.

PepsiCo Trading Up 3.7%

Shares of PepsiCo stock opened at $150.08 on Friday. The business has a fifty day simple moving average of $144.53 and a two-hundred day simple moving average of $139.32. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The company has a market capitalization of $205.47 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 3.62 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 58.46%. PepsiCo’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s payout ratio is presently 103.64%.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.